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Month: May 2021

Espey Mfg. & Electronics Corp. reports third quarter results

SARATOGA SPRINGS, N.Y., May 17, 2021 (GLOBE NEWSWIRE) — Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the first nine months of fiscal year 2021. Net sales for the third quarter of fiscal year 2021, January 1 to March 31, 2021, were $4,205,068, compared with last year’s third quarter net sales of $6,191,300. Net loss for the quarter was $(1,070,114), $(0.44) per diluted share, as compared to net loss of $(103,765), $(0.04) per diluted share for the same quarter last year. For the first nine months of fiscal year 2021, July 1 to March 31, 2021, net sales were $18.4 million, compared with $19.4 million for the first nine months of fiscal year 2020. Net loss for the period was $(1,061,297), $(0.44) per diluted share, compared with net income of $206,975, $0.09 per diluted share, for the same period...

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Net Element Reports First Quarter 2021 Financial Results and Updates Shareholders on Pending Merger with Mullen Automotive

MIAMI, May 17, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”) today reports its financial results for the quarter ended March 31, 2021, and updates shareholders on the pending merger with privately held Mullen Automotive, Inc. (“Mullen”), a Southern California-based electric vehicle (“EV”) company, in a stock-for-stock reverse merger in which, subject to the merger being consummated, Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger Company. “We are pleased to report that we filed a Form S-4 registration statement with the SEC on May 14, 2021, a milestone furtherance of the proposed merger with Mullen,” commented Oleg Firer, executive chairman of Net Element. “We want to thank our shareholders for their patience through this...

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Xos, Inc. Announces Filing of Registration Statement on Form S-4 from NextGen Acquisition Corporation

Filing of Registration Statement on Form S-4 Provides Historical Financial Data in Connection with Proposed Business Combination with Xos, Inc. and NextGen LOS ANGELES and BOCA RATON, Fla., May 17, 2021 (GLOBE NEWSWIRE) — Xos, Inc. (“Xos”), a leading manufacturer of fully electric commercial vehicles, announced today that a registration statement on Form S-4 (the “Registration Statement”), which includes a preliminary proxy statement/prospectus, has been filed with the U.S. Securities and Exchange Commission (“SEC”) by NextGen Acquisition Corporation (“NextGen”) (NASDAQ: NGAC), a special purpose acquisition company (“SPAC”), regarding the companies’ recently-announced proposed business combination. The Registration Statement includes audited financials for the full years 2018, 2019 & 2020, with a financial year end of December...

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Triterras Acquires Invoice Bazaar

Acquisition enhances Triterras’ supply chain finance capabilities, establishes Middle East presence, and accesses leading regional e-commerce platforms Co-founders of Invoice Bazaar joining Triterras’ leadership team SINGAPORE, May 17, 2021 (GLOBE NEWSWIRE) — Triterras Inc. (Nasdaq: TRIT, TRITW) (“Triterras” or the “Company”), a leading fintech company for trade and trade finance, today announced that it has executed definitive agreements in connection with its previously announced Letter of Intent for the acquisition of Invoice Bazaar, an established provider of supply chain finance services and e-commerce financing in the Gulf Cooperation Council markets. The transaction is subject to customary closing conditions. Invoice Bazaar’s 3 member founding team based in Dubai will be joining the Company’s existing Leadership Team. Under...

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Silver Mountain Mines Inc. Receives Conditional For Reverse Takeover Transaction With Nevgold Corp.

CALGARY, Alberta, May 17, 2021 (GLOBE NEWSWIRE) — Silver Mountain Mines Inc. (TSXV: “SMM”) (“Silver Mountain” or the “Company”) announces that further to its news releases dated January 19, 2021 and February 23, 2021, the Company has received conditional approval from the TSX Venture Exchange (the “Exchange”) with respect to a proposed business combination (the “Transaction”) with Nevgold Corp. (“Nevgold”), which will constitute a reverse takeover of the Company by Nevgold under the policies of the Exchange. Transaction Summary The Company proposes to acquire all of the issued and outstanding common shares (the “Nevgold Shares”) of Nevgold by way of a three-cornered amalgamation pursuant to which Nevgold will amalgamate with 1288412 B.C. Ltd. (“Newco”), a wholly-owned subsidiary of the Company, as further described the Company’s...

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StorageVault rebrands its stores in British Columbia to Sentinel Storage

VANCOUVER, British Columbia, May 17, 2021 (GLOBE NEWSWIRE) — StorageVault Canada Inc. (“StorageVault”) ‎(SVI-TSX-V) ‎is pleased to announce the rebranding of all of its stores in British Columbia to the Sentinel Storage brand from Storage for Your Life. Sentinel Storage has been a trusted brand for more than 40 years in British Columbia and Alberta and is considered the premier self-storage brand in Western Canada. With the rebrand, there will now be 59 stores under Sentinel Storage brand. The rebranding will streamline communications, marketing initiatives and strengthens Sentinel Storage as the dominant brand offering innovative storage solutions and unparalleled client service in Western Canada. The launch of the new brand began on May 10th, 2021 and includes over 15 properties throughout the Lower Mainland, Fraser Valley, Vancouver...

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Skyward, A Verizon company introduces mapping and modeling powered by Pix4D

PORTLAND, Ore., May 17, 2021 (GLOBE NEWSWIRE) — Today, Skyward, A Verizon company, announced its integration with Pix4D, giving customers the ability to turn drone data into 2D maps and 3D models. Enterprises and drone pilots can now plan flights, receive approval to fly in controlled airspace with LAANC, fly with Skyward’s InFlight ground control station, and process data using Pix4D — all from within the Skyward platform. “Skyward has been bringing our customers tools to access airspace, plan, and fly — now they can produce business-ready data deliverables without leaving Skyward,” said Mariah Scott, Skyward President. “Enterprises in construction, energy and utilities, and the public sector can get even more ROI out of their drone programs when combining Skyward’s drone management platform with Pix4D’s market-leading photogrammetry...

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Proactive news headlines including Mirasol Resources, Milestone Scientific, Steppe Gold and Gold Resource Corp

New York , May 17, 2021 (GLOBE NEWSWIRE) — Proactive, provider of real-time news and video interviews on growth companies listed in the US and Canada, has covered the following companies: Mirasol Resources Ltd (CVE:MRZ) (OTCPINK:MRZLF) (FRA:M8R) makes new silver discovery at Ely Central area on its Virginia project in Argentina click here New Pacific Metals Corp (CVE:NUAG) (OTCMKTS:NUPMF) to trade on the NYSE American exchange starting May 20 click here Milestone Scientific Inc (NYSE:MLSS) reports double-digit, year-over-year increase in 1Q revenue click here FSD Pharma Inc (NASDAQ:HUGE) (CSE:HUGE) (FRA:0K9) says concerned shareholder group-backed nominees elected to board at annual meeting click here Algernon Pharmaceuticals Inc (CSE:AGN) (OTCQB:AGNPF) (FRA:AGW) receives positive feedback from US FDA for its DMT stroke program click...

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WISeKey NFT Webinar will discuss with experts the technology behind the Launch its First Ever Non-Fungible Token (NFT) from Space activating the WISe.ART NFT Platform

WISeKey NFT Webinar will discuss with experts the technology behind the Launch its First Ever Non-Fungible Token (NFT) from Space activating the WISe.ART NFT Platform The Swatch Space Shuttle STS – 75 will be replaced by a Jacob & Co Astronomia Sky The WISe.SAT satellite on orbit in December 2021 will send a unique Key encrypted by WISeKey that will generate the digital identity of the Jacobs and Co watch to be physically inserted on the watch box using a WISeKey Microchip. Jacobs and Co and WISeKey successfully conducted last month world premieres to auction both physical and virtual NFTs with an unpreceded attention to their combined leadership https://www.nytimes.com/2021/04/12/fashion/watches-nft-auction-jean-claude-biver.html During the Webinar WISeKey and experts will discuss technology behind the Launch its First Ever Non-Fungible...

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CIB Marine Bancshares, Inc. Announces Plans to Adjourn Annual Meeting to a Later Date

BROOKFIELD, Wis., May 17, 2021 (GLOBE NEWSWIRE) — CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQB: CIBH), announced its plans to open and immediately adjourn its Annual Meeting of Shareholders scheduled for May 19, 2021. The Company plans to adjourn the Annual Meeting until July 29, 2021 at 1:00 P.M. (local time) at 19601 West Bluemound Road, Brookfield, Wisconsin, in order to allow it to conclude several steps required to institute its previously announced plan to repurchase all of its preferred stock over the next four years (the “Repurchase Plan”). Those steps include, conducting a preliminary Section 382 analysis of the impact of expected 2021 pro rata preferred stock repurchases under the Repurchase Plan on the Company’s existing deferred tax assets; finalizing a definitive agreement with Hildene Capital...

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